The paper is concerned with the empirical modelling of domestic demand for energy in the United Kingdom at the level of …-stage budgeting model of the household's demand for energy conditional on its ownership of durables. Preferences at both stages of the …, electricity and a composite good, "other fuels". This composite good is subject to such large measurement errors in the data set …

will allocate cash flows into cash holdings if their hedging needs are high (i.e., if the correlation between operating … if their hedging needs are low. The empirical examination of debt and cash policies of a large sample of firms reveals … hedging needs have a strong propensity to save cash out of cash flows while leaving their debt positions unchanged. In …

Despite much work on hedging in incomplete markets, the literature still lacks tractable dynamic hedges in plausible … deviate unless she can pre-commit to follow them. We apply our results to the discrete hedging problem of derivatives when … specialized to the Black-Scholes setting. We also generalize our results to richer settings to study dynamic hedging with Poisson …

We examine whether and how the allocation of financial transmission rights affects the behavior of electricity … generators and electricity consumers with market power in the electricity market. The analysis recognizes that the ultimate … node and of electricity buyers at the cheap node. Financial rights can also mitigate market power of buyers at the …

behavior of electricity generators and electricity consumers with market power in the electricity market. The paper extends the …

The British electricity supply industry has, with the exception of Nuclear Electric, now been privatized. Bulk supplies … of electricity are traded between two dominant generators and many suppliers in an unregulated `pool'. The generators …

This paper examines future energy and emissions scenarios in China generated by the Integrated Assessment Model WITCH …

Motivated by the regulatory debate in electricity markets, we seek to understand how market design affects market …

The EU faces challenges in reforming the Gas and Electricity Directives to implement the single market in electricity …